Czech Republic: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in the Czech Republic

In 2021, the Czech gear cutting machine market increased by 9.9% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a moderate increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Gear Cutting Machine Production in the Czech Republic

In value terms, gear cutting machine production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2.9% against the previous year. Gear cutting machine production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports from the Czech Republic

Gear cutting machine exports from the Czech Republic shrank sharply to X units in 2021, reducing by -84.4% against the previous year's figure. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 1,183% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, gear cutting machine exports declined dramatically to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 78% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units) was the main destination for gear cutting machine exports from the Czech Republic, accounting for a 54% share of total exports. Moreover, gear cutting machine exports to Turkey exceeded the volume sent to the second major destination, India (X units), threefold. Slovakia (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Slovakia (-31.1% per year).

In value terms, Germany ($X) remains the key foreign market for gear cutting, gear grinding or gear finishing machines exports from the Czech Republic, comprising 46% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+6.7% per year) and China (-4.7% per year).

Export Prices by Country

In 2021, the average gear cutting machine export price amounted to $X per unit, growing by 19% against the previous year. Overall, the export price showed a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by 4,001%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gear Cutting Machine Imports

Imports into the Czech Republic

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported into the Czech Republic; waning by -23.8% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13,576%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, gear cutting machine imports skyrocketed to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 281%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest gear cutting machine supplier to the Czech Republic, with a 75% share of total imports. Moreover, gear cutting machine imports from Canada exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. Poland (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.0% per year) and Poland (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to the Czech Republic, comprising 99% of total imports. The second position in the ranking was taken by Canada ($X), with a 0.4% share of total imports. It was followed by the Netherlands, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+6.0% per year) and the Netherlands (-33.0% per year).

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, picking up by 112% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23,126% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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